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🔗 Back to Summary. 🇫🇷 French Version: 2017R0581_FR.14. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 13 – Netting of economically equivalent contracts ⬅️ | ➡️ Article 15 – Notification procedure from the CCP to its competent authority
Article 14 - Cross-margining of correlated contracts cleared by the same CCP
Where a CCP calculates margins with respect to cross-margining of correlated contracts cleared by the same CCP (portfolio margining) in accordance with 2012 and Article 27 of Commission Delegated Regulation (EU) No 153/2013
, the CCP shall apply its portfolio margining approach to all relevant correlated contracts irrespective of where the contracts are traded. Contracts with a significant and reliable correlation, or an equivalent statistical parameter of dependence, shall benefit from the same offsets or reductions.